Improve Procurement Efficiency and Reduce Procurement Costs.

Procurement should be guided by the principle of “improving procurement efficiency, uncovering information value, strengthening price comparison management, and reducing procurement costs.”
Improving procurement efficiency: The work style should be “swift and decisive,” and “seizing every moment.” “Time is money” is especially important for procurement work. By strengthening internal management, focusing on methods, enhancing responsibility, and properly handling the relationship between “quality,” “time,” and “price,” we can ensure the smooth progress of production and projects.
Uncovering information value: Market information is constantly changing. How to effectively utilize and uncover the value of information is a question worth considering for the procurement department. Information is divided into internal and external information. Internal information includes aspects such as the quality, usage effect, and recovery rate of raw and auxiliary materials, as well as equipment quality, lifespan, reliability, and applicability, all of which need to be regularly monitored and analyzed to uncover their value and reduce our costs. External information is more complex and extensive, the most direct being market price fluctuations. Finding patterns in these constant changes, analyzing, judging, and predicting fluctuations, and seizing opportunities for strategic procurement are crucial tasks for the procurement department.
Strengthening price comparison management: The company has grown from nothing to its current size and influence step by step, which is no easy feat. In today’s market economy, companies constantly face the harsh reality of survival of the fittest and elimination of the weakest. There can be no slackening; we must always maintain this sense of urgency and crisis awareness. Price comparison procurement is one of the effective means to fully reduce costs, improve efficiency, and enhance product competitiveness. This aspect of comparing quality and price must be strengthened.
In short, the procurement department should strive to strengthen its service awareness, enhance coordination and communication, and achieve high efficiency in its work through the above three aspects, ultimately reducing procurement costs.